Banknote dispensing machine

Details Banknote dispensing machine Banknote dispensing machine

1975-08-21

1977-05-03

Reeves, Robert B.

Article dispensing

Automatic control

Of discharge assistant operation

93 93C, 194DIG26, 221 21, 271 35, 271245, B65H 304, B65H 2958

Patent

active

040209725

ABSTRACT:
This disclosure relates to a machine for dispensing a predetermined number of banknotes in bundle form with the banknotes being removed from a stack in sequence and there being counting apparatus for counting banknotes passing along a flow-path and a double note detector for detecting the simultaneous passage of plural banknotes along the same flow-path. The banknotes, as they are dispensed, are collected in a collecting compartment and if the proper number is dispensed without double notes being detected, the collected banknotes are delivered to a customer. However, if double banknotes are detected or there is an error in counting, the dispensing of notes from the stack ceases and all notes in the collecting department are diverted into a storage compartment and the machine is recycled.

REFERENCES:
patent: 931260 (1909-08-01), Boulard
patent: 3760158 (1973-09-01), Whitehead et al.
patent: 3767080 (1973-10-01), Erickson
patent: 3785256 (1974-01-01), Nikkel
patent: 3849968 (1974-11-01), Kazumatateisi

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